Acquisition of 100% Shares of Group Developments Limited, Malawi

With reference to the earlier letter dated February 18, 2014 wherein the Company had informed that it has signed a Share Purchase Agreement for purchase of 100 per cent fully paid up equity shares of Group Developments Limited, Malawi (GDL), Gillanders Arbuthnot & Company Ltd has now informed BSE that the Company through its wholly owned subsidiary, Gillanders Holdings (Mauritius) Limited, Mauritius has completed the acquisition of the aforesaid shares of GDL at a total purchase consideration of USD 12.01 million.

Source : BSE - >

Published on November 27, 2014


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